n NISM Certifications
NSM General NISM
Medium

Can insurance coverage be reinstated if it stops due to technical or administrative reasons?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Yes, but only with a penalty fee

  2. B

    No, reinstatement is not allowed once ceased

  3. Yes, upon payment of the full annual premium

    Correct answer

  4. D

    Yes, but only under certain conditions

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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